Overwhelmed? Consider Outsourcing — Carefully!

Law360, New York (January 25, 2012, 1:51 PM EST) -- In these days of ever-expanding responsibilities and shrinking budgets, compliance departments are pushed to do more with less. One way that firms and/or compliance departments are looking to address the disparity between too much to do and not enough human capital is to outsource some of their responsibilities.

This move comes with its own risks. Regulators expect firms to supervise the outsourcing of duties and have recently put firms on notice of their intent to focus on this issue. To demonstrate their commitment to this area,...
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